US Marshals seeks new recruits to eliminate the captured crypto

The US Marshals are looking for a person who can manage cryptocurrencies for the Asset Forfeiture department. In recent years, the law enforcement agency has confiscated thousands of bitcoins in various investigations. Now the marshals need someone who is competent enough to do wallet creation, blockchain fork management, and token transfer.

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USMS is looking for Virtual Currency Manager to manage the filing of coins and coins

As a rule, civil disputes and confiscated items dealing with a criminal investigation are easy to handle, since boats and luxury cars are easy to auction. The USMS states that the Asset Forfeiture Division (AFD) is reducing organized crime and eliminating financial incentives for criminals by seizing and losing assets. Since the emergence of cryptocurrencies like Bitcoin, law enforcement agencies, especially the US Marshals (USMS), have been dealing with digital currencies.

For example, when several three-letter agencies broke the Silk Road, the USMS auctioned off more than 30,000 BTC from that investigation. Now the department needs a specialist who manages the recorded cryptocurrencies and can handle factors such as forks and handing over the coins to auction winners. The scope of work contains detailed information on how the contract works, when it is hired, and how the goals can change during the contract period.

"The purpose of this contract is to provide the full range of virtual currency management and disposal services," explain the specifications. This includes, but is not limited to, activities such as accounting, customer administration, compliance with auditing standards, managing blockchain forks, creating wallets, converting token assets into coin assets, etc., as well as future actions related to the virtual currency expiration process. "

The USMS is the oldest law enforcement agency in the United States, and the last crypto currency auction the agency has sold has sold 660 BTC from various investigations. The contractor must be able to facilitate the transfer of the coins to the auction winners.

scope of work

The USMS states that the contract for the virtual currency manager has a term of 12 months with an option to extend the contract. The contractor can work remotely, but must visit USMS headquarters in Arlington, VA. In relation to the safekeeping of seized cryptocurrencies, the contractor must be able to provide prompt management and disposal services without delay. Under the USMS Agreement, the individual provides all storage requirements, and the individual must "maintain complete and accurate settlement of the USMS Inventory at all times."

The contract registration continues:

The Contractor will take prudent measures to prevent the loss of the USMS Inventory in any manner, including but not limited to theft, human error, system failure and force majeure. In addition, the contractor must be able to brutally subdue wallets that are blocked due to errors or technical difficulties. – The contractor uses a cold room for all USMS inventories.

The USMS has sold thousands of BTC in auctions over the years.

In addition, the newly appointed AFD representative must be able to dispose of the coins in the manner specified by the USMS. This includes the exchange of virtual currency in USD, trading in a more liquid form of virtual currency, and the conversion into USD by selling from a sealed-offering auction. There is also the possibility that the contractor must return virtual currencies to the owner, and these requirements must be dealt with "promptly and efficiently".

Also of interest is the contract, which states that if the confiscated digital assets stem from a very large seizure, the funds are likely to be sold through a closed bid auction and not through a stock exchange. "Large sales of all types of virtual currencies will be completed within forty five (45) calendar days of notification," the contract explains. Finally, USMS may, at its sole discretion, terminate the Virtual Currency Manager Agreement at any time for misconduct or for security reasons.

What do you think about US Marshals AFD hiring someone to take care of confiscated virtual assets? Let us know in the comments below.

Picture credits: Shutterstock, Pixabay, Bitcoin.com and the US Marshals

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